Ethereum Price Slips as Bearish Signal Threatens ETH Rally
- Ethereum rally weakens as the TD Sequential flashes a bearish sell signal.
- ETH must reclaim $1,900 to strengthen short-term bullish momentum.
- Analysts warn another rejection could trigger a deeper price correction.
Ethereum — ETH, has lost momentum after an impressive recovery from July lows. Buyers pushed the price close to $2,000 before resistance stopped further gains. Market sentiment has now shifted as technical indicators point toward growing weakness. Traders are watching several key support levels while analysts debate the next major move. The coming sessions could determine whether Ethereum resumes the rally or enters another corrective phase before attempting fresh highs.
TD Sequential Flashes a Warning as Momentum Weakens
ETH climbed from around $1,520 in early July to nearly $1,980 last week. That recovery marked the strongest advance in several months. However, buying pressure has faded as price struggles below the important $2,000 resistance level. Market analyst Ali Martinez highlighted a fresh signal from the TD Sequential indicator. The same indicator identified a buying opportunity near July's low before Ethereum rallied sharply.
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